99. With reference to Stand up India Scheme,
i) Stand-up India Scheme to promote entrepreneurship among SC/ST and Women Entrepreneurs.
ii) Stand-up India scheme facilitates bank loans to one scheduled caste or scheduled tribe borrower and at least one woman borrower per bank branch for setting up a Greenfield enterprise.
Which of the above is/are correct?
99. With reference to Stand up India Scheme,
i) Stand-up India Scheme to promote entrepreneurship among SC/ST and Women Entrepreneurs.
ii) Stand-up India scheme facilitates bank loans to one scheduled caste or scheduled tribe borrower and at least one woman borrower per bank branch for setting up a Greenfield enterprise.
Which of the above is/are correct?
The correct option is C c) Both i and ii
Ans 99.C
Explanation: Stand up India as part of the government's efforts to support entrepreneurship among women and SC & ST communities.
The scheme offers bank loans of between 10 lakh (US15,000)and1crore(US150,000) for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector.[2]
Eligibility
1. SC/ST and/or Women entrepreneurs, above 18 years of age.
2. Loans under the scheme is available for only green field project. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector.
3. In-case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.
4. Stand-up India scheme facilitates bank loans to one scheduled caste or scheduled tribe borrower and at least one woman borrower per bank branch for setting up a Greenfield enterprise
c) Both i and ii
Ans 99.C
Explanation: Stand up India as part of the government's efforts to support entrepreneurship among women and SC & ST communities.
The scheme offers bank loans of between 10 lakh (US15,000)and1crore(US150,000) for scheduled castes and scheduled tribes and women setting up new enterprises outside of the farm sector.[2]
Eligibility
1. SC/ST and/or Women entrepreneurs, above 18 years of age.
2. Loans under the scheme is available for only green field project. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector.
3. In-case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.
4. Stand-up India scheme facilitates bank loans to one scheduled caste or scheduled tribe borrower and at least one woman borrower per bank branch for setting up a Greenfield enterprise
